EUR/USD: Today recommendations

Yuri Papshev Independent Analyst

The EUR/USD pair responded with active growth after the publication of positive macro statistics from the Eurozone and rose 2.6% to the closing price last Friday. At the time of publication of this article, it is trading near the level of 1.2052, in the immediate vicinity of the strong resistance levels of 1.2061, 1.2065.

In general, since the beginning of last month, there has been an increase in the positive dynamics of EUR / USD, and in case of a breakdown of the indicated resistance levels, the pair is likely to continue growing towards the recent highs near the level of 1.2150.

Support levels: 1.1985, 1.1930, 1.1860, 1.1780, 1.1710, 1.1600, 1.1580.

Resistance levels: 1.2061, 1.2150, 1.2180, 1.2270, 1.2340, 1.2555, 1.2580, 1.2600.

Trading Recommendations

Sell Stop 1.2020. Stop-Loss 1.2070. Take-Profit 1.1985, 1.1930, 1.1860, 1.1780, 1.1710, 1.1600, 1.1580.

Buy Stop 1.2070. Stop-Loss 1.2020. Take-Profit 1.2150, 1.2180, 1.2270, 1.2340, 1.2555, 1.2580, 1.2600.

Author

Yuri Papshev

Independent Analyst

Independent trader and analyst at Forex market. Trade experience - more than 10 years. In trade Yuri Papshev uses a combination of fundamental and technical analysis.

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